Mississippi Value-Add Rice Farm

Tunica County, MS

A

AcreTrader Rating (1)

Description

The Mississippi Value-Add Rice Farm consists of 160 acres in Tunica County, Mississippi. The property is located within the Mississippi Delta, approximately one hour south of Memphis, Tennessee and outside the town of Tunica, Mississippi. Additional funds are being raised to level and irrigate this farm, which have the potential to increase crop yields, farm rents, and future land values. While the farm has traditionally grown soybeans, these improvements would make it possible to flood irrigate the property, enabling rice cultivation which typically commands a rent premium.

The farm is 96% tillable and includes paved road frontage. It is also located within the Mississippi waterfowl flyway, which is an area in high demand for hunting and recreation leases. There is a 2020 farming lease and hunting lease on this property, which are both reflected (pro-rata) in the "Annual Rent Estimates" table, found in the "Financials" section for this farm.

Investment Highlights

  • 3-5 year target hold period given stable cash flows and potential for appreciation from improvements.

  • Existing cash lease in place for 2020.

  • Existing hunting lease in place for 2020.

  • The property will be managed by AcreTrader Management, LLC, an affiliate of AcreTrader, Inc.

  • Standard AcreTrader management fee of 0.75% applies annually.

  • Anticipated distribution payments occur on December 15th annually, beginning December 2020.

Risk Factors and Disclosures

Please see additional risk factors here  and in the Issuer Document Package for a discussion of additional risks. The above presentation is based upon information supplied by the seller and others, and some images shown may be used for representative purposes and may not have been taken on location at the subject property. While AcreTrader performs extensive due diligence on the offerings on our Site, certain of the information presented in each offering may have been provided by third party sources. Therefore, AcreTrader and its respective affiliates, officers, directors or representatives (the "AT Parties") hereby advise you that while all such third party information contained herein has been provided by to us from sources deemed reliable, we cannot guarantee its accuracy. The AT Parties further make no representations as to the accuracy or completeness of any such information and undertake no obligation now or in the future to update or correct this presentation or any information contained herein.

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